Thanks for the additional input. My LR has 12' ceilings with a cookie cutter center that rises another 2'. I don't plan on going into the attic and installing a multi-channel surround speaker system. Two speakers up front and perhaps a sub if needed.
I want a setup that sounds decent for the TV with more focus on the music (phono, CD, and lossless player, no mp3's.).
Good point on the processor. I'll have to check if these processors with bypass are true bypass or switched through circuitry.
OK, this is getting better. Thank you all for the input and yes, correct me if I go astray.